Cryptocurrency exchange Huobi announced its intention to support the construction of a layer-2 BitTorrent Chain (BTTC) solution.
On February 28, Huobi exchange announced its participation in the layer-2 ecosystem on BitTorrent Chain to diversify development opportunities for both parties.
#Huobi is excited to announce that it will join the #BTTC (BitTorrent Chain) ecosystem & support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.
— Huobi (@HuobiGlobal) February 28, 2023
BTTC is a layer-2 solution for Ethereum, TRON, BNB Chain and launched in December 2021. The L2 platform intends to launch Zero-Knowledge Proof technology this year.
To evaluate objectively, this chain has so far not received too much attention, even almost “walking in the dark”. Huobi’s integration with the BTTC ecosystem can be seen as a recognition of the value for BTTC in the layer-2 array. However, it can also be seen as a “neglect” of Huobi ECO Chain, the blockchain built by Huobi in 2021 but not gaining much adoption.
Huobi shared that BTTC’s cross-chain solution will allow assets to be seamlessly transferred between Ethereum, Tron, and BNB, creating a super network between blockchains. By supporting the development of the L2 network of the main chains, the exchange will provide a secure and diverse development environment, and provide Huobi users with early access to newly launched projects. .
One point to note, however, is that TRON, Huobi, and BitTorrent are all linked through Justin Sun, the dominant owner of all three. This group of projects has continuously made “trend” moves in the past time such as TRON setting up a $100 million AI fund, Huobi announcing its registration to operate in Hong Kong and now announcing the construction of layer-2 on BitTorrent. after news Coinbase did the same.
Jsun moves fast. In the past 2 weeks we’ve seen an ai fund, trip to Hong Kong, and now tron base 😂 https://t.co/vBUIExdhdf
— icebergy ❄️ (@icebergy_) February 23, 2023